BTC Inc. CEO eyes $100M PAC focused on Bitcoin policy

BTC Inc. CEO David Bailey shared on X that he is considering launching a political action committee (PAC) with over $100 million in funding, modeled after Fairshake but focused specifically on Bitcoin-related issues. Fairshake supports pro-crypto regulation to help developers build within a clearer legal framework and grow the blockchain economy in the U.S. The comments come ahead of a vote on a Bitcoin tax amendment that seeks to exempt transactions under $600 from taxation. Bailey added that those opposing the amendment could face political consequences in the upcoming midterm elections.